$120,000
SOLD OCT 7, 2020

4 Joel Rd Old Lyme, CT 06371

0.5 Acre
$240,000 Price per Acre
21,780 Sq Ft Lot

Recently Sold

$84 Per Sq Ft

40% Below List Price

211 Days on Market

Highlights

  • Waterfront
  • No HOA
  • Property is near shops
  • Mile Creek School Rated A
  • Walking Distance to Water
  • Open Lot

About This Lot

As of July 2023

PRICE REDUCED TO SELL!!!MOTIVATED SELLERS!!!Now is the Time to Build your new home, water views of Connecticut River and Marvelous Sunsets can be yours when you build your new home. All approvals are in place to build your new 2200 square foot home. (plans available) Within walking distance to the Village of Old Lyme, launch your Kayak, or small boat at the landing, which is located at the end of the street. Borders the Old Lyme Land trust, enjoy hiking walking and the Privacy of living on a cul de sac. Maps plot plans and move available at request, contractors take note.. MOTIVATED SELLERS!!!

Last Agent to Sell the Property

Cheryl Cook

Re/Max Valley Shore License #RES.0773237 Listed on: 02/03/2020

Re/Max Valley Shore

Last Buyer's Agent

Cheryl Cook

Re/Max Valley Shore License #RES.0773237 Listed on: 02/03/2020

Re/Max Valley Shore

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,269

Lot Details

  • 0.5 Acre Lot
  • Waterfront
  • Open Lot
  • Cleared Lot

Property Views

  • Water Views

Location

  • Flood Zone Lot
  • Property is near shops

Schools

  • Mile Creek Elementary School
  • Lyme-Old Lyme High School

Utilities

  • Private Company Owned Well
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association

Recreation

  • Walking Distance to Water

Property Details

Property Type

Land

Est. Annual Taxes

$1,269

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Nearby Amenities: Shopping/Mall
  • Property Sub Type: Residential Land
  • Direct Waterfront: Yes
  • Tax Year Updated Dt: 07/20/2020
  • Directions: Route 156 to Noyes Road, right onto Frontage left on Caulkins right on Joel see sign
  • Special Features: None

Interior Features

  • Street Number Modifier: 4

Exterior Features

  • Waterfront Description: View, Walk to Water
  • Road Frontage Description: Paved Road
  • Road Frontage Approximate: 230

Utilities

  • Water Source: Private Well
  • Sewer: Septic
  • Utilities Available: Electric, Cable
  • Septic Approval: Yes
  • Septic Plan Available: Yes

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Mile Creek
  • High School: Lyme-Old Lyme

Lot Info

  • Acres: 0.5000
  • Lot Description: Open Lot, In Subdivision, In Flood Zone, Cleared, Water View
  • Flood Zone: Yes
  • Lots Number Of: 1
  • Zoning: residential

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 1269
  • Total Assessed Value: 54700
  • Mil Rate Base: 23.200
  • Mil Rate Total: 23.200
  • Assessor Parcel Number: 1552887

MLS Schools

  • Elementary School: Mile Creek
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2020
Sold by
Sullivan Ft
Bought by
Sullivan Ellen M
Current Estimated Value
$728,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$285,645
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$417,720

Purchase Details

Closed on
Apr 6, 2015
Sold by
Sullivan John L and Sullivan Barbara C
Bought by
Sullivan Ft and Sullivan Barbara C
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $425,000 None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $320,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $1,150,000 -9.8% $563 / Sq Ft
07/05/2023 07/05/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $1,275,000 +962.5% $624 / Sq Ft
10/07/2020 10/07/20 Sold $120,000 -7.0% $84 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/13/2020 08/13/20 Price Changed $129,000 -13.4% $91 / Sq Ft
07/21/2020 07/21/20 Price Changed $149,000 -6.3% $105 / Sq Ft
07/02/2020 07/02/20 Price Changed $159,000 -11.6% $112 / Sq Ft
04/16/2020 04/16/20 Price Changed $179,900 -10.0% $126 / Sq Ft
02/03/2020 02/03/20 For Sale $199,900 +110.4% $140 / Sq Ft
04/11/2018 04/11/18 Sold $95,000 -13.2% $67 / Sq Ft
02/08/2018 02/08/18 Pending -- -- --
10/16/2017 10/16/17 For Sale $109,500 +21.7% $77 / Sq Ft
09/17/2015 09/17/15 Sold $90,000 0.0% $129 / Sq Ft
08/26/2015 08/26/15 Pending -- -- --
08/19/2015 08/19/15 For Sale $90,000 +50.0% $129 / Sq Ft
05/23/2014 05/23/14 Sold $60,000 -49.6% $86 / Sq Ft
04/19/2014 04/19/14 Pending -- -- --
03/29/2014 03/29/14 For Sale $119,000 -- $170 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,261 $509,000 $361,900 $147,100
2024 $6,747 $276,500 $186,600 $89,900
2023 $6,498 $276,500 $186,600 $89,900
2022 $6,498 $276,500 $186,600 $89,900
2021 $6,442 $276,500 $186,600 $89,900
2020 $6,415 $276,500 $186,600 $89,900
2019 $6,972 $311,100 $231,000 $80,100
2018 $6,816 $311,100 $231,000 $80,100
2017 $6,766 $311,100 $231,000 $80,100
2016 $6,595 $311,100 $231,000 $80,100
2015 $6,415 $311,100 $231,000 $80,100
2014 $5,776 $293,800 $206,200 $87,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170268691

SmartMLS

APN: OLYM-000090-000000-000003